# Ringgit continues downtrend, centred on US-China trade woes

> The ringgit has fallen to a six-month low, down 3.2% against the US dollar since March 21 as traders move to safe havens. An economist cited a flattening US yield curve signalling possible recession and expects the ringgit near 4.18 to 4.20 in the near term.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59336-ringgit-continues-downtrend-centred-on-us-china-trade-woes
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker ringgit raises the cost of imported feed ingredients priced in dollars for Malaysian buyers, while safe-haven dollar demand supports the greenback against emerging currencies.

## Read by commodity

- DXY: bullish ▲
- USDMYR: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-05-30 | [Ringgit opens lower on worsening US-China trade war \| Malay Mail](https://feedsoft.ai/events/59335-ringgit-opens-lower-on-worsening-us-china-trade-war-malay-mail.md) | -0.4% | -1.7% |
| DXY | 2023-04-11 | [Ringgit continues downtrend against greenback ahead of US inflation report \| Malay Mail](https://feedsoft.ai/events/36681-ringgit-continues-downtrend-against-greenback-ahead-of-us-inflation-report.md) | -0.4% | -1.0% |
| DXY | 2025-05-01 | [FOREX US dollar rallies on continued trade deal optimism; yen slumps \| Reuters](https://feedsoft.ai/events/24914-forex-us-dollar-rallies-on-continued-trade-deal-optimism-yen-slumps-reuters.md) | -0.4% | -0.8% |
| DXY | 2022-10-28 | [Ringgit extends downtrend vs dollar ahead of US fed decision on interest rates next week \| Malay Mail](https://feedsoft.ai/events/39383-ringgit-extends-downtrend-vs-dollar-ahead-of-us-fed-decision-on-interest-rates.md) | +1.2% | -2.4% |
| DXY | 2024-10-15 | [US dollar continues uptrend as Fed policy provides lift](https://feedsoft.ai/events/28054-us-dollar-continues-uptrend-as-fed-policy-provides-lift.md) | +1.2% | +3.1% |

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/05/31/ringgit-continues-downtrend-centred-on-us-china-trade-woes/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.